ARRK Corporation announced consolidated and non-consolidated earnings results for the full year ended March 31, 2016. For the year, on consolidated basis, the company reported net sales of JPY 47,067 million compared to JPY 50,824 million a year ago. Operating income was JPY 2,478 million compared to JPY 2,815 million a year ago. Ordinary income was JPY 2,269 million compared to JPY 2,449 million a year ago. Profit attributable to owners of parent was JPY 1,089 million or JPY 2.70 per diluted share compared to JPY 2,195 million or JPY 3.88 per diluted share a year ago. Return on equity was 3.8% compared to 7.2% a year ago. Cash flow from operating activities was JPY 3,132 million compared to JPY 2,876 million a year ago. Profit before income taxes was JPY 1,739 million compared to JPY 2,413 million a year ago. Purchase of property, plant and equipment was JPY 2,963 million compared to JPY 1,725 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 14,067 million compared to JPY 9,911 million a year ago. Operating income was JPY 1,247 million compared to JPY 271 million a year ago. Ordinary income was JPY 1,239 million compared to JPY 641 million a year ago. Net income was JPY 1,837 million or JPY 4.55 per diluted share compared to JPY 1,149 million or JPY 2.03 per diluted share a year ago.

The company provided earnings guidance for the full year ending March 31, 2017. For the full year ending March 31, 2017, the company expected net sales of JPY 45,500 million, operating income of JPY 2,550 million, ordinary income of JPY 2,300 million and profit attributable to owners of the parent of JPY 1,250 million or JPY 3.51 per share.